Items Tagged with 'Uniform Appraisal Dataset'

ARTICLES

  • From HW Magazine

    Appraisal disruption

    Is Fannie Mae right to think that Collateral Underwriter is the answer to appraisal quality?
    Typically, for a process and a product that depends largely on human effort, if you want a higher quality product, you have to pay more. The best doctors, chefs, mechanics and attorneys all make more than the market average. Nevertheless, lenders, AMCs and Fannie Mae all expect appraisal quality to increase even as appraiser fees decrease.
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  • Making Sense of the Uniform Appraisal Dataset Rules

    Overview of the Uniform Appraisal Dataset (UAD) requirements under the Uniform Mortgage Data Program (UMDP). The GSEs have been working towards standardization over the past couple of years. The UAD is only a small part of the UMDP, but one of the most important.   The goal of the UAD is to obtain superior quality data from appraisals that have been historically written with varying terminology. What does average condition really mean? Does DW stand for dishwasher or drywall? Why does 2.1 baths mean the same as 2.5 baths? It’s all about standardization of appraiser responses on four appraisal
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